- Title: FILE: Billionaire Abramovich quits as Russia governor
- Date: 3rd July 2008
- Summary: (BN10) MOSCOW, RUSSIA (FILE) (REUTERS) ABRAMOVICH TALKING TO OFFICIALS AT THE KREMLIN VLADIMIR PUTIN, RUSSIAN EX-PRESIDENT, ENTERING
- Embargoed: 18th July 2008 13:00
- Topics: Domestic Politics
- Reuters ID: LVA1K2HNXUP3PHD4JLAPRUZB7MTE
- Story Text: Billionaire Roman Abramovich resigns as a governor of Russia's Far East region of Chukotka.
Russian billionaire Roman Abramovich, owner of Britain's Chelsea soccer club, has resigned as a regional governor in Russia, the Kremlin said on Thursday (July 3).
The Kremlin's press service said Abramovich had asked to step down as governor of the Chukotka Autonomous District, a sparsely populated Russian region near Alaska, and this had been approved by President Dmitry Medvedev.
Abramovich's spokesman confirmed the move, but declined immediate comment on the circumstances surrounding it.
Abramovich, 41, is ranked by Forbes magazine as Russia's second wealthiest businessman with a reputed wealth of 23 billion U.S. dollars, mainly held through his private investment vehicle Millhouse Capital.
Although his business interests include steel plants and coal mines inside Russia and the United States, he is best known in the West for his ownership of Chelsea soccer club in London.
Russian media has reported in the past that Abramovich tried repeatedly to step down as governor of Chukotka, on Russia's north Pacific coast, but that former President Vladimir Putin insisted he stay on.
- Copyright Holder: FILE REUTERS (CAN SELL)
- Usage Terms/Restrictions: None